Economic TimesLean R·
Maruti Suzuki Q2 Results: Profit falls 26% YoY to Rs 2,466 crore, but revenue rises 26%
In the July-September quarter, Maruti Suzuki India experienced a notable 26% decrease in net profit compared to last year. Still, revenue shot up by 26% year-on-year, totaling Rs 53,356 crore. Rising material and labor expenses grew total costs by about 30%, which hurt profit margins. Nonetheless, the company hit an impressive milestone with its highest quarterly sales volume of 6.97 lakh units.
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